San Fernando Valley July 2013 Real Estate Housing Market Report (Real Estate News Update)

San Fernando Valley Market Report - July 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Arleta, Burbank, Calabasas, Chatsworth, Encino, Granada Hills, Hidden Hills, Lake Balboa, Mission Hills, North Hills, North Hollywood, Northridge, Pacoima, Reseda, San Fernando, Shadow Hills, Sherman Oaks, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Valley Glen, Valley Village, Van Nuys, West Hills, Winnetka, Woodland Hills

I would be happy to assist you in purchasing or selling a property in the greater Los Angeles and San Fernando Valley areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Please visit my website at www.JamieTian.com to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly!

San Fernando Valley June 2013 Real Estate Housing Market Report (Real Estate News Update)

San Fernando Valley Market Report - June 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Arleta, Burbank, Calabasas, Chatsworth, Encino, Granada Hills, Hidden Hills, Lake Balboa, Mission Hills, North Hills, North Hollywood, Northridge, Pacoima, Reseda, San Fernando, Shadow Hills, Sherman Oaks, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Valley Glen, Valley Village, Van Nuys, West Hills, Winnetka, Woodland Hills

I would be happy to assist you in purchasing or selling a property in the greater Los Angeles and San Fernando Valley areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Please visit my website at www.JamieTian.com to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly!

Los Angeles Real Estate Market Report - June 2013 Housing Update

Los Angeles Market Report - June 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Bel Air/Holmby Hills, Beverly Center - Miracle Mile, Beverly Hills, Beverly Hills Post Office, Beverlywood, Brentwood, Cheviot Hills - Rancho Park, Culver City, Hancock Park - Wilshire, Hollywood, Hollywood Hills East, Los Feliz, Malibu, Malibu Beach, Marina del Rey, Mid Los Angeles, Mid Wilshire, Pacific Palisades, Palms - Mar Vista, Playa Vista, Santa Monica, Silverlake - Echo Park, Sunset Strip - Hollywood Hills West, Venice, West Hollywood, West Los Angeles, Westwood-Century City

I would be happy to assist you in purchasing or selling a property in the greater Los Angeles areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Click the "Search Homes For Sale" tab above to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly!

The Mercury Lofts/Condos of Mid-Wilshire/Koreatown - For Sale & For Lease!

The Mercury is a historic landmark building, originally built in 1962, that was rehabilitated in 2006 to serve as 238 luxury high rise residences. The units have beautiful panoramic views from the Pacific Ocean to the Hollywood sign.

The building is the last and greatest work of the architect, Claud Beelman, and was formally the headquarters of the Getty Oil Company. 

The mercury is conveniently located in the Mid-Wilshire area in the heart of Koreatown, a short drive to Downtown Los Angeles, Hollywood, Santa Monica, Westwood, Hancock Park, and the studios.

The building features:

• Mid-Century Modern Structure Housed in White Marble, Grey Anodized Aluminum, and Bronze Glass
• 24-Hour Building Security
• Zen Styled Lobby with Terrazzo Floors
• State-of-the-Art Fitness Center
• Fire Pit, Seating Coves and Barbecue Area
• Resort-Style Pool and Spa
• "23" Rooftop Recreational Center with Panoramic 360 Degree Views
• Event Lawn
• Underground Parking
• Residence Features

Each unit includes:

• Bamboo Floors
• Sleek Euro-Cabinetry
• Granite-Slab Countertops
• Gourmet Kitchens
• Stainless-Steel Kitchen Appliances
• Bosch Washer and Dryers
• Walk in Closets
• Private Decks (select units)

 There are currently 7 units available for sale in the Mercury, ranging from $358,000 to $1,200,000.

Please contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com with any questions or if you would me to email you an updated list of available properties in the Mercury. I would also be happy to set up a viewing of any units you are interested in.

The OceanAire Condos of Santa Monica - Luxury Condos - For Sale Now!

The OceanAire is a luxury high-rise Co-op building in Santa Monica on Ocean Ave, overlooking the Pacific Ocean.

Amenities include:

• 24/7 security
• Concierge
• Fitness center w/ sauna
• Zen garden with fountains
• Business conference center

The complex was built in 1963 and rennovated in 2001. It consists of 48 two to four bedrom units on 12 floors. On the top floor is the 11,000 sq ft penthouse and the lower levels offer floor plans ranging from 1,500 to 4,400 sq ft. Each unit has natural light and stunning views.

There are currently only two units available in the building at $1,995,000 and $2,795,000.

Please feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com for an updated list of available properties or if you would like to schedule a viewing for one of these units.

The OCEAN TOWERS Condominiums of Santa Monica - For Sale & For Lease Now!

The Ocean Towers are two twin, 5-star luxury highrise co-op buildings in Santa Monica right near the ocean, within walking distance to Third Street Promenade and all of Santa Monica's shops and estaurants.

One of the most desirable addresses in Santa Monica, the Ocean Towers offers amenities such as:

• Valet parking
• Resort-style pool, spa, sauna, sun deck
• Doorman
• 24/7 security
• Concierge
• Gym
• Sauna

Built in 1971, there are 317 one to three bedroom units with views of the coastline, ocean, city, and hills. In 2001, the two buildings experienced a major retrofit and renovation.

There are currently 10 units for sale in the buildings, ranging from $524,900 to $3,999,999, depending on the size of the unit and views.

There are currently 15 units for lease in the buildings, ranging from $2,900/month to $20,000/month.

Please feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com with any questions/concerns or for an updated list of available properties in the Ocean Towers. 

Newly Constructed Contemporary Luxury Condos in Westwood - For Sale Now!

Newly Constructed Contemporary Luxury Condos in Westwood - For Sale now!

22 brand new 2-3 bedroom units, including 6 penthouse units!

Amenities include French Oak floors, private terraces, Italian designer kitchens, Jenn-Air stainless steel appliances, and more!

Prices range from $750,000 to $1,275,000.

Please contact me at (310) 717-1321 or JamieTian@RodeoRE.com for more information or if you want to schedule a viewing!

House Prices Continue To Rise In Most Neighborhoods of Los Angeles!

More data in this week regarding the continued rise of housing prices. CoreLogic reported that home prices rose 12.2% in May 2013 compared with the same month a year ago. It was the largest monthly increase since February 2006. Month over month, May prices rose 2.6%, including distressed home sales. Excluding distressed sales, May prices rose 2.3% compared with April, and the year-over-year price rose by 11.6%. 

Most interestingly, among the 100 largest U.S. cities, 97 showed a year-over-year increase in home prices. Some of the largest gains (including distressed properties) came in the Los Angeles metro area (up 19.8%) which mirrors what we’ve been seeing in this hot market.

What does the future hold? CoreLogic indicates that June housing prices will rise another 13.2% year over year and an additional 2.9% month over month. Excluding distressed sales, CoreLogic’s year-over-year increase for June is forecast at 12% and the month-over-month estimate is forecast to rise by 2%. All more signs that this market shows no signs of cooling off.

Here in Los Angeles, home prices in many neighborhoods have risen well over 20% since last May. If you own a property in one of these neighborhoods and are thinking of selling, now is a really great time to put your home on the market! The inventory is extremely low and with interest rates historically low, there is a multitude of buyers and homes are selling very quickly. The summer season is also the best time to put your home on the market.

• Mid-Los Angeles - 78% increase 
• Hollywood - 70% increase
• Venice - 70% increase
• Malibu - 68% increase
• Brentwood - 50% increase
• Silver Lake - Echo Park - 45% increase
• Palms-Mar Vista - 42% increase
• West Los Angeles - 31% increase
• Marina del Rey - 30% increase 
• Westwood-Century City - 27% increase
• Cheviot Hills/Rancho Park - 24% increase 
• Los Feliz - 23% increase
• West Hollywood - 23% increase
• Beverly Center/Miracle Mile - 22% increase
• Mid-Wilshire - 22% increase
• Playa Vista - 17% increase
• Pacific Palisades - 16% increase
• Hancock Park - Wilshire - 13% increase
• Sunset Strip - Hollywood Hills West - 8% increase
• Beverlywood - 7% increase
• Hollywood Hills East - 6% increase
• Culver City - 6% increase

A couple neighborhoods in Los Angeles have also experienced a decrease since last year. If you are interested in purchasing a home in these areas, it is currently a great time to buy with interest rates still low!

• Malibu Beach - 48% decrease
• Beverly Hills - 34% decrease
• Bel Air/Holmby Hills - 22% decrease
• Santa Monica - 18% decrease
• Beverly Hills Post Office - 6% decrease

If you are interested in selling your property or would like to find out how much your property is worth in this market, I would be happy to provide a free comparative market analysis and professional estimate of your home value.

If you are interested in purchasing a property, I would be happy to send you a list of available properties that fit your search criteria or answer any questions you might have.

Please contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com.

House Prices Continue To Rise In Most Neighborhoods of the San Fernando Valley!

More data in this week regarding the continued rise of housing prices. CoreLogic reported that home prices rose 12.2% in May 2013 compared with the same month a year ago. It was the largest monthly increase since February 2006. Month over month, May prices rose 2.6%, including distressed home sales. Excluding distressed sales, May prices rose 2.3% compared with April, and the year-over-year price rose by 11.6%. 

Most interestingly, among the 100 largest U.S. cities, 97 showed a year-over-year increase in home prices. Some of the largest gains (including distressed properties) came in the Los Angeles metro area (up 19.8%) which mirrors what we’ve been seeing in this hot market.
What does the future hold? CoreLogic indicates that June housing prices will rise another 13.2% year over year and an additional 2.9% month over month. Excluding distressed sales, CoreLogic’s year-over-year increase for June is forecast at 12% and the month-over-month estimate is forecast to rise by 2%. All more signs that this market shows no signs of cooling off.

In the San Fernando Valley, home prices in many neighborhoods have risen well over 20% since last May. If you own a property in one of these neighborhoods and are thinking of selling, now is a really great time to put your home on the market! The inventory is extremely low and with interest rates historically low, there is a multitude of buyers and homes are selling very quickly. The summer season is also the best time to put your home on the market.

• Valley Glen - 86% increase
• North Hollywood - 54% increase
• Tarzana - 52% increase
• Mission Hills - 33% increase
• Woodland Hills - 30% increase
• Burbank - 29% increase
• Granada Hills - 29% increase
• Lake Balboa - 28% increase
• West Hills - 28% increase
• Winnetka - 25% increase
• Van Nuys - 25% increase
• Chatsworth - 23% increase
• Northridge - 22% increase
• San Fernando - 22% increase
• Reseda - 21% increase
• Sun Valley - 20% increase
• Toluca Lake - 20% increase
• Sylmar - 20% increase
• Arleta - 18% increase
• North Hills - 18% increase
• Sherman Oaks - 16% increase
• Hidden Hills - 17% increase
• Pacoima - 17% increase
• Valley Village - 9% increase
• Studio City - 0%

A couple neighborhoods in Los Angeles have also experienced a decrease since last year. If you are interested in purchasing a home in these areas, it is currently a great time to buy with interest rates still low!

• Encino - 19% decrease
• Shadow Hills - 18% decrease
• Calabasas - 10% decrease
• Studio City - 0%

If you are interested in selling your property or would like to find out how much your property is worth in this market, I would be happy to provide a free comparative market analysis and professional estimate of your home value.

If you are interested in purchasing a property, I would be happy to send you a list of available properties that fit your search criteria or answer any questions you might have.

Please contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com.

OPEN HOUSE Saturday (7/6) 2-5pm & Sunday (7/7) 2-5pm - 2352 Ganesha Ave, Altadena, CA 91001 - 4 bed/3 bath, Newly Remodeled!

Join me this weekend on Saturday (7/6/13) 2-5 pm or Sunday (7/7/13) from 2-5 pm for an OPEN HOUSE at 2352 Ganesha Ave, Altadena, CA 91001.

This property is 4 bedrooms, 3 bathrooms, and has been newly remodeled in 2013. It is priced to sell at $799,900.

The property offers luxury & privacy with custom details throughout. Walk along the brick pathway through the white picket fence to the french door entry. Enjoy the mocha hardwood flooring throughout, custom crown moldings, and all new double-panewindows which let plenty of natural light flow into the home.

The cozy living room offers a gas fireplace & built-ins to enhance its charm. The formal dining room is well appointed with french doors leading to the tranquil backyard. The kitchen offers new stainless steel appliances including a built in microwave & breakfast nook with a built in seating area.

The downstairs bedroom has an attached bathrooms. Upstairs, you will find a large bedroom capaable of being a second master bedroom, as well as another bedroom and a bathroom in the hallway with a jetted tub. The true master bedroom suite has four closets, as well as a private bathroom with a jetted tub.

There are two sets of double french doors leading to the low maintenance backyard with lots of trees and a green grassy play area. Centrally located - close to parks, schools, places of worship, & close to downtown, Burbank, and Pasadena.

This home is also available fully furnished. 

Please feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com with any questions/concerns or if you would like to schedule a private showing because you are not available this weekend.

Hope to you see at the open house!